What if the lender for the new property is insisting that the loan include my spouse’s name, and that my spouse must also be on the deed? Is this a problem? The taxpayer (name that appears on the deed) for…
Continue ReadingCan I buy a share of the new property then immediately transfer my share? I know I cannot sell the…
January 26, 2026One of the basic requirements of a 1031 exchange is that you have to hold both the old property and…
January 26, 2026Can I sell two properties, and then only buy one new property to complete my 1031 exchange? Yes, you can.…
January 26, 2026“Can I buy REIT shares as my replacement property?” I often hear about qualified intermediaries saying you can, but what…
January 26, 2026“How do I report my 1031 exchange to the IRS?” IRS Form 8824: This is the official 2-page form that you…
January 26, 2026"Can I use exchange funds that are being held by my intermediary for items like earnest money and appraisals prior…
January 26, 2026When selling a business or investment property, and a gain would be realized, Internal Revenue Code Section 1031 provides for an exception, allowing for tax on the gain to be postponed if the proceeds are invested in a "like-kind" property exchange. Gain deferred in this like-kind exchange under IRC Section 1031 would be tax-deferred, but not tax-free.
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